In today’s briefing:
- Start of Acceptance Period with Guaranteed Success
Start of Acceptance Period with Guaranteed Success
- Spanish renewables group Opdenergy Holdings (OPDE SM) will exit the stock market upon closing of Antin Infrastructure Partners (ANTIN FP)‘s takeover bid. The company is scheduled to delist on 23 April.
- Minimum acceptance condition is 75%. Antin had 71.2% irrevocables, which together with a letter of intention for 6.09%, should mean the threshold is crossed.
- Spread is 0.68%/7.54% (gross/annualised, assuming settlement on 26 March). Long and tender.
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